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As has been discussed frequently in our posts, the Tax Cuts and Jobs Act of 2017 limited the amount of state and local taxes (SALT) deductible as an itemized deduction
A common planning strategy for reducing taxable income in a “regular” subchapter C corporation is through the payment of management fees and other charges to related entities (generally-pass-through enterprises or
For many Pennsylvania seniors, the property tax and rent rebate program has been an important tool in their financial planning. One of the inequities in computing the appropriate rebate has
Thanks to the Tax Cuts and Jobs Act (TCJA), enacted on December 22, 2017, small businesses with average annual gross receipts of $25 million or less in the prior three-year
NetSuite’s cloud-based financial management system can help financial professionals eliminate the headaches of closing the books at period-end and enjoy the benefits of continuous accounting, which aims to distribute the finance
The IRS has recently issued guidance on Sec. 199A- Deduction for Pass-Through Entities. Read the Tax Alert for more details.
An exceedingly meaningful business incentive added by the Tax Cuts and Jobs Act, enacted on December 22, 2017 by President Trump increased the amount of qualifying fixed asset acquisition costs
Sarah Brasili B.S., Financial Accounting – University of Pittsburgh MAcc Student – Duquesne University I can vividly remember my first day at Grossman Yanak and Ford LLP (GYF). That morning,
Trevor Tuxill Accounting – Grove City College Coming into this internship, the GYF HR Director told us a number of things to help prepare us for the experience, but one
Republican members of the House of Representatives’ Ways and Means Committee and the Trump Administration are working together to develop a “Tax Cuts 2.0” outline similar to the “framework” that
IRS Reiterates Its “Prepaid Property Tax” Position for NJ Under the Tax Cuts and Jobs Act (TCJA), enacted on December 22, 2017, a taxpayer’s itemized deduction for state and local
One of the more complex matters facing state budgets is how best to deal with the largess of the federal government’s business incentives included in federal tax legislation. There is
